2002 Herman St #DNashvilleTN37208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Nashville at 2002 Herman St #D, Nashville, TN, 37208 uses $180,621 cash to close to unlock $524/yr annual cash flow and $44/mo monthly cash flow. Total monthly income runs $3,330/mo, and a $2,687/mo payment keeps the spread at $44/mo. Purchase price stands at $549,000, and rental yield measures 7.28% with $3,330/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 104.91% and total cumulative return in cash records $189,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,330/mo property income covering a $2,687/mo payment rather than investor’s personal income.
Single Family
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37208, Nashville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,875 (100%) |
| Owner Occupied HU | 2,816 (21.9%) |
| Renter Occupied HU | 7,469 (58.0%) |
| Vacant Housing Units | 2,590 (20.1%) |
| Median Home Value | $521,176 |
| Average Home Value | $605,850 |
Housing Distribution
Address Breakdown
Residential
12,831
Single Family
8,376
Multi-Family
4,455
Businesses
774
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices